ROI Model

The proper management of people is priceless - but the costs associated with doing it well can be significant. HR management process costs can be dramatically reduced by utilizing Document Management and Workflow technologies.

While every organization’s cost structure and procedures differ, most find an HR solution’s ROI centers on the following items:

Tangibles

• The costs associated with authorizing a new hire (time, process adherence)
• The costs related to onboarding a new employee (time, approvals, tracking completion)
• Multiple entry of information (HR system, IT systems, etc.)
• Forgotten tasks done at the last minute (higher expenses due to rush)
• Costs associated with Hiring Manager queries and interruptions
• Document filing costs
• Storage costs (from filing cabinets to office space)
• Photocopying / courier costs
• Audit costs (document searching, photocopying, re-filing)

Intangibles

• Positive impression made on new employee’s first day
• IT security and approval authorizations are maintained
• Hiring Manager knows where things are in the process
• HR knows required elements are addressed (policies acknowledged etc.)
• Proper document retention is maintained (legal compliance

Imagine’s experience has been that while companies sometimes struggle to express the exact cost of their current processes, they are very clear on the negative impact when they aren’t working well.  Inefficiency, lack of compliance and poor professional appearance are all extremely costly results when an HR process is struggling. 

Imagine would be happy to work with you at no cost to create your own ROI model for implementing an HR Imaging, Document Management and Workflow solution.

Our Document Management partner Hyland Software (makers of OnBase) have provided several Case Studies to share other organizations’ HR solution stories with you.